UK banks are trying out location-based P2P payments — Tearsheet — “On Friday, Revolut introduced a feature called ‘Near Me’ which lets its customers find other Revolut customers using the same feature and send them money without knowing their contact details. On Monday, Monzo rolled out a capability called ‘Nearby Friends’… When the user opens Nearby Friends, Monzo generates a token representing the user through its API, which is then sent to Google Nearby through Bluetooth on the user’s device to ‘broadcast’ it to other Monzo apps within a 90-foot radius.”
- China lets foreign visitors use credit cards to fund a central bank digital currency wallet
- Samsung partners with American Express and Korea’s KB Kookmin to develop trackable payment cards
- Mercedes goes live with in-vehicle biometric payments in Germany
- European Payments Initiative to launch pan-European digital wallet under Wero brand name
- Alaska Airlines leverages NFC to let passengers create a digital passport they can store on their smartphone